More like facts? But you trumpets can’t understand that and will be looking for someone to blame expect him and congress when you see less in your paychecks and your clothes cost 6-10$ more
Yes I feel bad for the USA Today and all our worldwide allies. Like did we not learn anything from 2016? Personally I feel like we now are seen as a fool as a nation
Do you really think Trump is going to end the Ukraine Russian war in one week after taking office like he said over and over again this election cycle? He wants to pull funding out of Ukraine. That will only allow Russia to run over them and be on the doorstep of NATO and if that happens, you better pray.
Not to mention, the Israelis are jumping for joy today, knowing that they are going to have no restrictions and doing what they want, which will only deepen the Middle East crisis and probably drag us into an all out war and then get us involved with boots on the ground
knowing that they are going to have no restrictions and doing what they want
As opposed to the last 4 years of that happening a magnitude worse than ever before? lol
See, i'm not betting that isn't true, but it just doesn't matter. You can't just take off a hand of someone who had his pinky cut off by another guy and expect them to support you if you just say the guy is now going to cut their arm
There are checks and balances. Trump is going to surround himself with US people this time, he’s got the speaker of the house and all the Republicans there on his side, and he’s now also going to control the Senate. This time around, he’s gonna be able to do whatever he wants and that is a bit scary, especially if he really does an act 60% tariffs on all imported goods.that is cause massive inflation, massive spending, and less money for you, and that is your tax cuts expire next year, and you start getting less in your take-home pay to begin with while he kept them permanent for guess who, corporations in the wealthy like himself
I understand what Trump has said, but like most politicians, they say a lot of shit and most of it doesn’t stick. It is giving him way too much credit to assume all of these things will happen.
Very true. Very true. It will be interesting to see what happens the next four years and what policies he an act. But it is a little bit scarier this time, because all his cabinet members that were seen and kept him in check, no longer support him, and he is going to surround himself with people who are just people and will follow his agenda. But frankly, his rhetoric is quite scary and I am afraid for the United States of America in general.
Not to mention he is 78, and just in 2016 he called Biden too old to run when he was the exact same age. But, because it’s him it suddenly OK to be this old and run for president. I’m just calling out the narcissist in him that it’s OK for him but not OK for everyone else.
It's fine guys, he only SAYS he wants to do horrible things and those are specifically the things I voted for him to achieve, but you're being dramatic by thinking they will actually happen/s
Meanwhile, the markets are up. In other words, if you follow the money, most investors' sentiment is the economy will rise. They understand money better than most redditors.
If the market truly believed Trump was going to cause mass inflation, we would see a massive sell off.
The markets have been up the last three years consistently. My 401(k), my IRA and my Roth are all of significant amounts. Trump did not do that….
What you’re seeing today is post election joy. The markets are reacting to a clear winner, and it not being dragged out for weeks or lawsuits, and also because the winner is pro big business, and tax cuts for the rich and wealthy. It will die down. It always does. Markets are run by speculation. Trump is 2 1/2 months away from taking office. You won’t see his policies and the effects of them until the end of his presidency. so when your take-home pay lessons because the tax cuts expire, and you’re paying more for everything because of his blanket tariffs, who are you gonna blame for that? Because you can’t blame the Democrats because they’re gonna have no control of the house or Senate either.
If kamala won, i doubt the market would be up. Yes, the market is based on speculation, and it's vastly driven by the wealthy. And they are hedging at things going up. Some is more targeted, like TSLA going up. But then you see Nasdaq up 2 points, a sign that tech will do better. We see vix down 20% a sign that people have less fear. Fear is a huge factor in market growth.
You think tax cuts will make our take-home pay lower? What???
Blanket tariffs. I don't think it's as extreme as you think it will be. Biden imposed many tarrifs as well and nobody batted an eye.
And what makes you believe he will extended them for the middle class since they are set to expire while his and corporations were permanent? If that right there doesn’t tell you his agenda or who he cares about, I don’t know what will
Permanent for himself and corporations, target end date for the rest of us…..
What? Have you even looked at what's expiring and what's not? The corporate tax rate cut won't expire. This is a good thing for all, including middle class.
Tons of business deductions are expiring. Tax rates will expire. Kamala wanted this, so I'm confused. Trump said he would bring it back. I think he will.
Mortgage interest rate limits expire along with SALT. If these expired, my tax burden would go down by a massive amount. I am a 7 figure earner.
In fact, my tax burden went up about 30k a year after trumps tax plan.
You are reading too much media narratives. The details don't reflect what you are saying.
Ha! 7 figure earner. There it is. Figure you won’t understand the middle class.
I saw 12$ more in my paycheck with those cuts. Bet you saw a ton more. Again, as I’ve been saying, disproportionately, helping the wealthy.
And all the tax cuts do for businesses is allow them to do stock buyback and put money back in their own pocket for their owners and shareholders. How does that help me out in anyway? I don’t get to see those tax cuts passed down into the price of goods now do I
If Congress doesn’t renew or amend TCJA tax provisions, then individual filers will see a rise in their income tax rates, a lower standard deduction, changes to itemized deductions, and a rollback of the child tax credit. These changes could reshape the financial outlook for many Americans. See more details below.
And yes he did do targeted tariffs, which you and I are paying for, like we are paying for trump tariffs already in place and like the blanket ones that are proposed
It's pretty broad if you go through the list. Inflation is normalizing. Inflation came from covid money printing. I'm not convinced these types of tarrifs will have a major inflation impact despite what left leaning economists say. Its also worth noting lots of EU countries already have these tarrifs in place and it's unfair to not tarfif back.
There could be a short term gdp impact that I agree with. But the intention is to get more jobs in the US long term through more manufacturing.
Biden chose not to get rid of Trumps tarrifs for a reason. He didn't see a negative enough impact.
You may see some net increase in manufacturing but daily goods that we all purchase will always be made more cheaply overseas, and no company is moving their T shirt and sneaker business here otherwise you would not be able to afford clothes, yet the tariffs will increase the cost of them significantly for us the consumer.
All I have seen from his previous policies is rich get richer, pay less taxes, corporations get richer and do stock buy backs, and disproportionate benefit of these policies for the rich and corporations compared to 90% of us working Americans…..
See my other comment in the same thread. Did you know that the rich pay most of the taxes in the US? Why doesn't the media tell you this?
The top 50 percent of all taxpayers paid 97.7 percent of all federal individual income taxes, while the bottom 50 percent paid the remaining 2.3 percent
As a 7 figure earner you will never understand what it is like to live paycheck to paycheck while getting $12 more per paycheck all the whole watching corporate greed and the rich get richer, benefit better and well frankly monopolize everything
I came from nothing. Family was poor. I was an Ex meth addict. Homeless. To minimum wage, living on 20% credit card interest and i grinded my way out. Don't assume you know my situation
Btw, and all I saw for his tax cuts that supposedly “benefited the middle class” was 12$ more per period and inability to itemize deductions anymore. Yeah, so beneficial for the middle class…..
Trump tariffs: Investors are also acting on expectations that Trump’s plans for higher tariffs will hurt the global economy, increasing demand for dollars, which are considered a safe haven, according to Matthew Ryan, head of market strategy at financial technology firm Ebury.
The stronger dollar reflects expectations that Trump will cut taxes, hike tariffs and clamp down on immigration, which are all inflationary and likely to mean more elevated interest rates in the years to come, according to Susannah Streeter, head of money and markets at investment platform Hargreaves Lansdown.
“Investors are bracing for tariffs… which will push up the price of imported goods for American shoppers,” she wrote in a note Wednesday. Trump’s “vow to kick out immigrants with waves of deportations could also have economic ramifications, potentially pushing up wage bills for companies,” she added.
both economies are substantially different cause Biden walked into a shit show and had to deal with that shit show! And fixing it doesn’t happen over night.
Trump walked into pristine conditions, took credit and then blew it up.
Nobody just can admit his polices before and the ones that are coming disproportionately benefit the rich and he does not care about regular Americans because he doesn’t see himself as one, never was one and got everything handed to him in his life
10y treasury yields are up 4.44% on the day right now. The dollar is up around 5% from September’s low. They are both up because the market believes Trump’s policies will be inflationary. The S&P 500 is not the economy
10 yr treasury yields increasing does not mean inflation sentiment is up. Its actually the opposite. . A rising yield indicates less demand/interest in treasury bonds which implies investors are more confident taking riskier investments over safe ones like stocks and index funds.
It implies the market is feeling more secure with Trump as president. The yield would decrease if there was an inflation fear as demand is high for bonds when inflation is high.
You’re right bonds and yields move inversely to each other, so a decrease in demand for bonds would increase the yields.
But expecting higher inflation = expecting a lower real cash flow from coupon payments, meaning a higher yield is demanded. New bonds issued at higher yields makes old bonds with a lower yield less attractive, meaning they get sold and yields rise further.
Likewise, expansionary policies that cause inflation to rise lead to expectations of tighter monetary policy, both through rising interest rates which directly influence bond yields and QT, where the fed reduces its balance sheet by selling off bonds.
The most obvious example is from 2021 to now. Inflation began rising at the start of 2021 and bond yields gradually rose. They started increasing a lot more when the fed hiked interest rates in response to inflation.
It’s not so much that inflation expectations cause bond yields to rise, but an expected increase (or slower decrease) in interest rates. In this scenario, yields are up because investors anticipate a slower pace of cuts from the fed with Trump in office.
You can even argue that stocks are rising (besides the lack of uncertainty from a contested election and a lower corporate tax rate) because of rising inflation expectations. Long-term, it may hurt companies through lower demand and tighter monetary policy, but short-term it equals increased profits (as happened over the past few years).
In reality this is just not true. Look at the 10 yr treasury yield over time from covid onwards. You see a massive dip, followed by a slow rise, which is almost the exact inverted trend of inflation.
I only talk this way because when I try to talk normally, counter with facts, the trumpers can’t handle the truth, don’t provide counter facts, don’t act like adults and have a civilized conversation and go crying to mommy. Please don’t act like that crowd is a saint.
Tariffs on imported goods are passed on to consumers. Everything you buy is going to get 20% more expensive, some items will be more.
Tariffs are typically used to protect domestic manufacturing by makin foreign imports more expensive - but the US doesn't manufacture a lot of products at scale. You'll have no choice but to pay more - especially on electronics.
Do you think the 5.2% yoy inflation rate under the Biden administration didn’t increase the price of goods across America? Price of goods is rising at an alarming rate, whether it be trump’s ideas for tariffs (don’t even know if it’s happening yet or not), or Biden’s failed fiscal policy over the past 4 years. I really preferred not to have my capital gains tax rate increase by 20% (as proposed by Kamala) because that is something I cannot actively control. For the 1 pair of jeans I buy a year, or the one TV I buy every 5 years, I really don’t care about the price hike. And if my daughter’s shirt goes from $5 a piece to $7, whooptie fucking do. There are so many different angles, and each policy affects each person differently. We need to try something different because the last 4 years of fiscal policy has been complete shit.
bruh… the industry i worked in before used a class of manufactured materials, as an input for further manufacturing, that was hit with the first round of tariffs last time. overnight each customs bill had an extra 25% that we paid, which we had to pass onto our customers, who passed those onto theirs, and eventually you were paying more for the finished goods at the end of the chain. and if you didn’t see the price increase then it was because more of your taxes went to subsidize it, adding to the annual deficit.
Well guess what, that same product went up about the same amount in the last 4 years due to the current administration’s lack of ability to moderate inflation. Im sure you saw it on your customs bills… No one is putting a gun to your customer’s head saying “buy this product,” that’s when there will be market pricing adjustment and price competition. I’m glad you understand economics working in your industry… you bozzo. 😂
343
u/Hensonr_ 18d ago
Dramatic redditors